salaryRent is higher than in 59% of U.S. cities. A typical house costs about 5.8 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $73,400 a year. That is $35 an hour at a full-time job.
Is rent cheaper than other Washington cities?
Yes. Rent here is cheaper than in most of Washington. It is number 59 of 192 cities from cheapest to most expensive.
How much do households earn in University Place?
Share of households by yearly income. 37.0% of households earn $100,000 or more.
Rent by apartment size in University Place
| Size | University Place | U.S. average |
|---|---|---|
| Studio | $1,450 | $1,338 |
| 1 bedroom | $1,587 | $1,324 |
| 2 bedrooms | $1,900 | $1,509 |
| 3 bedrooms | $2,522 | $1,698 |
| 4 bedrooms | $2,359 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is University Place overall?
Everyday prices in Washington overall are 7% above the U.S. average (index 107.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for University Place, so the Washington figure is shown.
Taxes and bills in University Place
Life in University Place
Is it cheaper to rent or buy in University Place?
Renting is cheaper right now: about $2,500 a month less.
Owning assumes a typical $624,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $62,480 for the down payment.
Frequently asked questions
What is the average rent in University Place, WA?
Renting in University Place costs a median of about $1,835 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in University Place?
To keep rent under 30% of income, you need about $73,400 a year, or $35 an hour at a full-time job.
Is University Place cheap or expensive?
University Place is rated OK: rent takes 20.6% of the typical household income of $106,805. It ranks 59th cheapest of 192 Washington cities we track.
How much are property taxes in University Place?
The median homeowner in University Place pays $6,162 a year in property taxes, about 0.99% of the median home value.
Is University Place more expensive than the national average?
Overall prices in Washington are 7% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in University Place?
The median home value in University Place is $624,800, about 5.8 times the typical yearly household income.
34,911 people live in University Place. Numbers are typical (middle) values.